Copper Trend Today Technical Analysis for 06-11-2019 11:00:03

by wealthmann

November 6, 2019

16

In 1 hour chart Copper price continues to trade at 444.75 and above the (Exponential Moving Average)EMA200 value of 439.553 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Copper continues to trade above level, that could be an extraordinarily Bullish sign for Copper

Even so, the 200-candle Exponential moving average (EMA) price range of 439.553 is proving a tough nut to crack.

Pivot (invalidation): 443.233

Our preference: Long positions above 445.617

Alternative scenario: Below 441.667 look for further downside.

Support Resistance Levels For Copper Today at 06-11-2019 11:00:03

Pivot: 443.233

Resistance 1: 445.617

Resistance 2: 447.183

Resistance 3: 449.567

Support 1: 441.667

Support 2: 439.283

Support 3: 437.717

Yesterday High Low Close For Copper

Yesterday High: 444.8

Yesterday Low: 440.85

Yesterday Close: 444.05

Today at 06-11-2019 11:00:03 Copper trading at 444.75 with high of 444.95 and low of 443.25